Just close eyes buy OSK - No problem. The problem comes when you open your eyes. Make sure when OSK explodes, it does not explode onto you. What has OSK got? A printing machine to print shares.
OLH got no money exchange share for share to increase his grip on OSK Holdings. I hope the CIMB-RHB-MBSB merger does not happen. Mind you, timeline is mid of next year.
Mr. Ravi, if your hope comes true, then my - oops - his dream of becoming a director of mega bank is gone. He is a rich man; he has the money. he just wants to keep it.
THE proposed mega bank merger between CIMB Holdings Group Bhd, RHB Capital Bhd (RHB Cap)and Malaysia Building Society Bhd (MBSB) is pretty much a done deal, at least going by industry talk and a new media report.
On Friday, Singapore Business Times reported that owing to high-level talks between the leaders of Malaysia and Abu Dhabi, the key party in the merger, namely Aabar Investment, which is the second largest shareholder of RHB Cap with a 21.22% stake, has verbally agreed to vote in favour of the bank merger.
If true, this more or less clears all major hurdles toward the creation of Malaysia’s largest bank with an asset size of RM193bil.
But industry sources reckon that the top level cajoling certainly didn’t happen without carrots being dangled.
Sources say that in securing Aabar’s compliance, Aabar has likely been given an option to sell its 1MDB Energy Bhd IPO shares back to 1MDB at a price that will definitely cover any shortfall from the RHB Capital deal.
Aabar currently holds an option to subscribe to equity in 1MDB Energy, the power arm of 1Malaysia Development Bhd (1MDB) that is slated for a US$3bil (RM9.6bil) initial public offering (IPO) in February next year.
StarBizWeek had recently reported that Aabar is in an interesting position as it owns that crucial block in RHB Cap as well as the option to subscribe for equity in IMDB Energy, which puts it in a good position of leverage – if it doesn’t get a good deal on one, it could get a better deal on the other one to the extent that it covers any shortfall from the first one.
Aabar’s option for shares in 1MDB Energy comes after its parent, International Petroleum Investment Corp (IPIC), provided a guarantee to 1MDB for its US dollar debt papers for about US$3.5bil.
This was to help 1MDB fund the purchases of both the Tanjong and Genting power plants in 2012.
In return for the corporate guarantee from IPIC, 1MDB had given a 10-year option to Aabar to acquire up to 49% equity interests in the Tanjong plc and Genting Sanyen Sdn Bhd power plants when the energy division goes for listing. This option has a monetary value but it’s unclear how much this is worth.
"You scratch my head and I will scratch your head". This is too much. To please Aabar and to get the merger going a deal (by understanding) is brokered. I wonder what 'extra' OSK will get. Broker for more land for the new "property" entity, OLH Properties Bhd.
Ong never wanted Pjd shareholders to convert to Osk hold. shares which is why he is offering you such a low price. If the offer is good and all the others were to accept, he would not be able to gain control of Osk hold. His shareholding would be less than 50% if all the other shareholders were to accept shares in Osk hold. Ong will lose around 150mil on Pjd ( base on NTA 2.54 ) but he will gain at least 350mil on Osk hold. when he increased his holding in Osk to 55%. It was never his intention for the rest to accept a share exchange. Maybe he will offer Pjd shareholders a better deal later but not now.
woah 2.21 to 2.24 all kena supu, no brainer mah, sure win loh
Posted by sephiroth > Oct 27, 2014 10:01 AM | Report Abuse X
osk oso sure win mah, no brainer, it's rhb stake value at 10.03 worth 2.57 billion wor, nav oredi 2.75 without taking into a/c the above loh, land & building worth 0.40 oso not revalued yet, prime land some more, do yr maths guys, tp min 2.50 max 3.20
but osk comfirmed makan olh's pjd stake at 1.60 , so damn good deal loh, some more osk makan olh's osprop stake at 2.00 or just pe 5.5X, so much value oredi in osk
If he give shareholders 1/2 the proceed from the sales, he will receive more than 700mil which covers his investment in Pjd( 250 ) and Osk( 400 ). He gets his money back but he still controls Osk prop through Osk hold. Pjd becomes an associate co. of Osk hold. so he loses nothing. When he converts his warrants in the future, he will tighten his grip on Osk holding.
If he give shareholders 1/2 the proceed from the sales, he will receive more than 700mil which covers his investment in Pjd( 250 ) and Osk( 400 ). He gets his money back but he still controls Osk prop through Osk hold. Pjd becomes an associate co. of Osk hold.
With low offer for PJ and OSKP he make sure this 2 company minorty will not take up the offer so OLH will benefit most as he dilute the share base of OSK with only his shares of PJ and OSKP injected into OSK. Conclusion OLH still own same amount of total shares BUT He diluted minority shareholders in OSK share portion and taking an extra 2 to 300 millions cash from the whole exercise. Money for noting and chicks for free hahaha..... and thk you all. Gheekong what do you think?
osk already gain so much by grabbing olh's pjd & oskp stake at such low PBV n PE now 2.25 big roadblock wor, someone kasi sapu 5,178 lots loh, can or not
Sephiroth, I believe OSK shareholders deserves much more than the 15 sen dividend + free warrants lah!! No wonder movement of OSK share prices is pretty sickening.
ya lor haunting, olh counter like this loh, gotta be really extremely patience, i hold almost 2 yrs already at 1.39 n already grab 12.5 sen dividend, rhb worth 10.03, aabar agree liau mah, min 2.70
Everybody pls have patience bend down let OLH sodomise you a bit no need jelly ah just use subsidies die sel will do otherwise price of ky will limit up. Follow Sai bukakaki to road of richness by the back way...... Once Dato OLH is satisfied zahiri and betina you guy can play all you one!
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SP0094701
654 posts
Posted by SP0094701 > 2014-10-21 19:35 | Report Abuse
They act drama only let the public see . Actual all is control by them...